Hudson Expands Financial Solutions Group With Midwest Market Acquisition
April 18 2006 - 6:29PM
PR Newswire (US)
NEW YORK, April 18 /PRNewswire-FirstCall/ -- Hudson, one of the
world's leading professional staffing, outsourcing and talent
management solutions providers, and a division of Hudson Highland
Group, Inc. (NASDAQ:HHGP), today announced the acquisition of
Professional Solutions LLC, a Cleveland, Ohio-based professional
services firm. "Professional Solutions is a premier provider of
internal audit, accounting, technology and tax consulting
services," said Thomas B. Moran, president of Hudson North America.
"This high-performance team is a great cultural fit for us and
significantly strengthens our market position for solving the
complex accounting and finance problems of clients in this key U.S.
geography." "We are thrilled to be joining such a dynamic,
first-class organization as Hudson," noted Professional Solutions
principal Gregg Morris. "This combination brings exceptional
geographic reach, depth and breadth of expert resources, capability
and value to our clients." "We are excited about what this means
for our professional team," added Professional Solutions principal
David Hill. "This allows our highly experienced consultants the
ability to continue to grow professionally while maximizing their
skills in an exciting, progressive environment. Our clients will
benefit from an even higher level of professional service."
Professional Solutions LLC serves the greater Cleveland
metropolitan area for middle-market and Fortune 1000 clients in the
financial services, manufacturing, healthcare and retail
industries. The firm was founded by Hill and Morris, both who have
strong track records of building, growing and leading professional
service firms. Specific terms of the deal were not disclosed. The
transaction is expected to be accretive to earnings beginning in
2006. Hudson Hudson delivers specialized professional staffing,
outsourcing, and talent management solutions worldwide. From single
placements to total solutions, the firm helps clients achieve
greater organizational performance by assessing, recruiting,
developing and engaging the best and brightest people for their
businesses. Hudson is a division of Hudson Highland Group, Inc. one
of the world's leading professional staffing, retained executive
search and talent management solutions providers. The company
employs more than 3,800 professionals serving clients and
candidates in more than 20 countries through its Hudson and
Highland Partners businesses. More information is available at
http://www.hudson.com/. Special Note: Safe Harbor Statement Under
the Private Securities Litigation Reform Act of 1995: Except for
historical information contained herein, the statements made in
this release constitute forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Such forward-looking
statements involve certain risks and uncertainties, including
statements regarding the company's strategic direction, prospects
and future results. Certain factors, including factors outside of
our control, may cause actual results to differ materially from
those contained in the forward- looking statements, including
economic and other conditions in the markets in which we operate,
risks associated with acquisitions, competition, seasonality and
the other risks discussed in our Form 10-K and our other filings
made with the Securities and Exchange Commission, which discussions
are incorporated in this release by reference. DATASOURCE: Hudson
Highland Group, Inc. CONTACT: Media - Sarah Kafenstok of Hudson,
+1-312-795-4202, ; or Investors - David F. Kirby of Hudson Highland
Group, +1-212-351-7216, Web site: http://www.hhgroup.com/
http://www.hudson.com/
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